1509 Rainbow Dr
Silver Spring, MD 20905
3 bd 2 ba 1,784 sqft Built 1972 Lot 16,589 sqft single_family
Most recent sale
$492,000
Sep 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 29, 2022 | Sold | $492,000 | MLS #MDMC2062492 |
| Aug 25, 2022 | Price changed | $489,900 | MLS #MDMC2062492 |
| Aug 3, 2022 | Listed | $499,900 | MLS #MDMC2062492 |
| Aug 31, 2016 | Sold | $368,000 | MLS #1002431723 |
| Jul 30, 2016 | Listing removed | $364,900 | MRIS |
| Jul 17, 2016 | Price changed | $364,900 | MLS #MC9663944 |
| Jun 13, 2016 | Price changed | $374,500 | MLS #MC9663944 |
| Jun 6, 2016 | Price changed | $384,900 | MLS #MC9663944 |
| May 20, 2016 | Listed | $364,900 | MLS #1002431723 |
| Nov 1, 2012 | Sold | $315,000 | Public Record |
| Sep 12, 2012 | Listing removed | $299,900 | MRIS |
| Sep 6, 2012 | Price changed | $299,900 | MLS #MC7885263 |
| Aug 21, 2012 | Price changed | $329,800 | MLS #MC7885263 |
| Aug 3, 2012 | Price changed | $329,900 | MLS #MC7885263 |
| Jul 13, 2012 | Listed | $349,900 | MLS #MC7885263 |
| Sep 11, 1998 | Sold | $166,250 | Public Record |
| Sep 20, 1982 | Sold | $99,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2023 | $163,000 | $233,200 | $396,200 | $5,676 |
| 2021 | — | — | $368,533 | $3,729 |
| 2020 | $121,500 | $233,200 | $354,700 | $3,551 |
| 2019 | — | — | $345,133 | $3,431 |
| 2018 | — | — | $335,567 | $3,324 |
| 2017 | $92,800 | $233,200 | $326,000 | $3,285 |
| 2016 | — | — | $311,967 | $3,196 |
| 2015 | — | — | $311,967 | $2,790 |
| 2014 | $78,900 | $205,000 | $283,900 | $2,827 |
| 2013 | — | — | $283,900 | $2,780 |
| 2012 | — | — | $283,900 | $3,199 |
| 2011 | — | — | $336,800 | $3,026 |
| 2010 | — | — | $336,800 | $2,783 |
Property facts
Year built
1972
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
1,784 sqft
Lot size
16,589 sqft
ZIP code
20905
City
Silver Spring
Street
Rainbow Dr
Coordinates
39.11032, -76.98023
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,676
Gross rental yield
6.53%
Implied cap rate
4.24%
Trend-extrapolated value
—
Frequently asked questions
When did 1509 Rainbow Dr last sell?
1509 Rainbow Dr most recently sold on Sep 29, 2022 for $492,000.
What is the current tax assessment for 1509 Rainbow Dr?
The most recent total assessment for 1509 Rainbow Dr (year 2023) is $396,200 with $5,676 in property tax.
How does 1509 Rainbow Dr's assessment compare to its last sale price?
The current assessment is 19.5% below the last sale price of $492,000.
When was 1509 Rainbow Dr built?
1509 Rainbow Dr was built in 1972.
How does 1509 Rainbow Dr compare to others on Rainbow Dr?
We track 8 other properties on Rainbow Dr. Browse the list under "Other properties on Rainbow Dr" to compare beds, baths, and sale history.
What are the property facts for 1509 Rainbow Dr?
1509 Rainbow Dr is a 3 bed, 2 bath, 1,784 sqft, 16,589 sqft lot single_family.
Is 1509 Rainbow Dr a flip candidate?
No — 1509 Rainbow Dr does not appear in our flips dataset.
Is 1509 Rainbow Dr a tax-appeal candidate?
No — 1509 Rainbow Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.2%
Implied 1-yr
-0.8%
2026 Q3
$674.4K
2026 Q4
$673.1K
ZIP 20905 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rainbow Dr